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Weekly Update - Layer 1 & Layer 2 News (Week 52, 28/12/2021 - 3/1/2022)
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Crypto.com Research | Layer 1 & Layer 2 Update

Weekly Update - Layer 1 & Layer 2 News (Week 52, 28/12/2021 - 3/1/2022)

Over 71M wallets hold $ETH. Cronos (CRO) climbs further: +2.07% in TVL gains, +10.86% in transactions, +12.71% in wallet addresses.

Crypto.com
Jan 4
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Weekly Update - Layer 1 & Layer 2 News (Week 52, 28/12/2021 - 3/1/2022)
cryptocomresearch.substack.com
Key Takeaways
  • The number of Ethereum (ETH) addresses with non-zero balance hits an all-time high of 71,364,788, as of December 29, 2021. This shows the increasing adoption of the second-largest cryptocurrency. (ref)

  • Ethereum-based layer 2 scaling network Polygon (MATIC) has quietly fixed a vulnerability that put almost $24 billion worth of its native token at risk. (ref)

  • Crypto.com became a Gold Member of Singapore Blockchain Innovation Programme (SBIP). SBIP is a national-level partnership anchored at the National University of Singapore, developing use-inspired blockchain technology. (ref)

  • Cronos (CRO) saw a+10.86% increase in total transactions to 9.49M and an increase of TVL to $1.97B (+2.07%week-on-week). The total number of wallet addresses now stands at 308,837, up +12.71% from last week.

Highlights
  • A hacker stole $1.6M after exploiting a Polygon bug

  • Bitcoin network turns 13, celebrates with new hash rate all-time high

  • Ahead of SundaeSwap rollout, Cardano acquires Infinity Blockchain to expand interoperability

  • Efinity becomes the winner of Polkadot’s sixth parachain auction

  • Ethereum reaches new milestone as over 71 million wallets hold ETH

  • Solana's Phantom wallet sees record growth with over 1.8M MAUs in 9 months

  • Cardano was the most-developed crypto on GitHub in 2021, study finds

  • Ethereum project airdrops scam token, then pulls the rug

  • Cardano records 468% growth across all social channels in 2021

  • Polygon co-founders say they've gotten rid of C-suite positions

‡ Accurate as of end of November report
Sources: Coingecko, Etherscan,Ethernodes, Terra Station, Terra Etherscan, Avascan, Solana Beach, FTMscan, BSCscan,Cronos Explorer, DeFi Llama
Sources:  DeFi Llama, Polyscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer
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Weekly Update - Layer 1 & Layer 2 News (Week 52, 28/12/2021 - 3/1/2022)
cryptocomresearch.substack.com

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Zakaria Rahel
Writes Zakaria’s Newsletter ·Jan 12

Zakaria

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